Vivakor Inc (NASDAQ:VIVK) CEO Matt Nicosia spoke to Proactive following the closing of the acquisitions of two companies with operations and long-term contracts servicing major US oil basins in Louisiana and Texas.
Nicosia telling Proactive that the synergistic acquisitions of Silver Fuels Delhi and White Claw Colorado City represent a momentous and transformative event for the company and its shareholders.
Given the long-term contracts presently in place at both companies, he said Vivakor expects to realize significant annual revenue and for both entities to generate meaningful underlying earnings (EBITDA) and profitability.